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Montepino Logística SOCIMI (MLMTP) investor relations material
Montepino Logística SOCIMI Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Gross asset value (GAV) reached €1,552M at Q1 2026, reflecting a stable portfolio after the divestment of Zaragoza 1 in March.
Portfolio comprises 54 assets with 100% occupancy in operative assets and a weighted average unexpired lease term of 6/19 years.
Annualised rent from operative assets stands at €64.4M, with new builds in progress expected to increase this figure above €70M between 2026 and 2027.
Strategy focuses on consolidating the current portfolio, completing developments, and selective asset rotation to maximise returns.
Financial highlights
Q1 2026 revenue was €16.2M, up 18% year-over-year; NOI reached €14.7M, also up 18%.
EBITDA for Q1 2026 was €11.1M, compared to €9.3M in Q1 2025.
Operating expenses remained stable at €3.6M in Q1 2026.
Aggregate distributions to investors reached €59M.
Outlook and guidance
Focus on completing current developments and resuming new projects with yield on cost above 6%.
Stabilisation of recurrent income targeted, with annual rents expected to exceed €70M as new assets come online.
Ongoing asset rotation and optimisation of financial structure to enhance investor returns.
- EBITDA up 46% year-over-year, GAV at €1,343M, and occupancy at 97.3%.MLMTP
Q2 20241 Jul 2026 - Strong revenue and EBITDA growth, high occupancy, but rising financial costs from increased debt.MLMTP
Q3 20241 Jul 2026 - Turnover and EBITDA surged year-over-year as portfolio value and rents climbed, supporting robust growth.MLMTP
Q4 20241 Jul 2026 - GAV reached €1.45B, EBITDA up 52% YoY, and logistics market outlook remains strong.MLMTP
Q1 20251 Jul 2026 - Strong H1 2025 growth with 100% occupancy, rising GAV, and robust market fundamentals.MLMTP
Q2 20251 Jul 2026 - Q3 2025 saw robust growth in revenue and EBITDA, with 100% occupancy and expanding asset base.MLMTP
Q3 20251 Jul 2026 - GAV up 110% to €1,557M, net profit €84M, and TVPI at 1.07x amid stabilising logistics markets.MLMTP
Q4 20251 Jul 2026
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